No More Big Squeeze
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Meanwhile, large retail and bookstore chains are returning books by the truckload, according to industry regulars. This dilutes revenues and increases costs for the publishers, leaving them with diminished cash flow and pinched profits.
With publishers all the poorer, book manufacturers aren't dancing in the aisles over the alleged recovery of the U.S. economy, either. Certainly it will come, but it's not here yet, according to several book manufacturers Booktech spoke to.
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